• TMC

Market Review: 8/7/20

By Steven Doll, Portfolio Strategist


The U.S. stock market ended the week considerably higher as upbeat earnings reports, further government stimulus, and falling initial unemployment claims bolster investor confidence. U.S. small-cap stocks rose 5.4% as they begin to narrow the gap between their large-cap counterparts, which only rose 2.7%. Similarly, international developed markets begin to narrow their gap with emerging markets as they rose 2.6% on the week while emerging markets rose only 1.0%.


Interest rates moved higher this week as the economy shows early signs of a potential recovery. Having said that, the 10-year treasury yield increased from 0.55% to 0.57% and the 2-year treasury yield from 0.11% to 0.13%. However, the total U.S. bond market held steady on the week, rising 0.1%, as demand for the perceived safe assets stays strong.


The price of gold continues to rally, rising nearly 4.0% on the week and over 33.0% year-to-date, as falling interest rates, a weakening U.S. dollar, and economic concerns from the pandemic have substantially increased the demand for the haven metal.


The price of crude oil realized a modest gain of 1.7% this week, despite U.S. and China tensions as U.S. crude inventories drop.



Year-to Date Return (as of 08/07/2020)


14 views

Recent Posts

See All

Understanding the Housing Boom

By: Jake Willms, Quantitative Analyst One of the most surprising things to me this year has been the continued surge within the housing market. Sales of new homes in the U.S. have advanced again in Au

The Politics of Investing

By: Andrew J. Willms, President and CEO of The Milwaukee Company In this week’s podcast, which you can find HERE, Mike and I talked about the myriad of political issues that are influencing the stock

Good Company for Your Investments™

Phone: (262) 238-6980

Fax: (262) 238-6999

414 N Main St, Thiensville, WI 53092, USA

  • YouTube
  • Spotify

©2020 by The Milwaukee Company